The cost of a college education is steep, and it continues to rise on a regular basis. Sometimes the money awarded through federal financial aid is not enough to pay all of your educational costs. To help pay those college bills, some parents turn to a Parent Loan for Undergraduate Students (PLUS). Your school may participate in one of two programs either one funded directly through the U.S. Department of Education or the Federal Family Education PLUS Loan (FFEL). In the case of the latter, your funding would be obtained through a private lender that your parents would contact directly. These loans do require a credit check, so a parent with negative credit would be required to have a cosigner that meet credit criteria in order to qualify.

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